compute the payback period, arr, npv, and irr

Lazy Fuver World as considering purchasing a water park in Chattanooga, Tepnessee, for $1,950,000. The new taciliy wit gonerate anrwal net cash intlows of $505,000 for eight years Enginee estimate that the focility will remain usetul for eight years and have no residual value. The compary uses straght-line doprociation. Its owners want poybock in less than five yoars and an AgR c 10N or more. Management uses a 14% hurde rate on investments of this nature. (Clck the icon to view the present valut annuity table.) (Click the ican to viow the present value table) (Click the icon to view the future value annuity totle, (Click the iocn to viow the fodure value tablo-) Read the tequiremerts Requirement 1. Compute the payback period, the ARR, the NPV, and the approxmste IFUR of this invesment (Round the payback period to one decinal place) The payback period (in years) is (Round the percontage to the nearest ters percent.) The Aret (accounting rale of retian) is (Pbound your answer to the nearost whole dolar) Net preternt value The ifor (iriternal rate of retum) is betwoen Requirement 2. Recommend whether the compary shouds invest in thit project Recominendation: Reference ail net cash intlow ners want payty Reference d to one decimal